The Central Bank's governor, advising the public not to enter the currency market by taking into account the political variables, said the Central Bank made predictions about the foreign exchange market and will have the necessary prevention.

Increasing transparency and eliminating the benefits of the speculators and currency renders network are the main achievements of the formation of the organized foreign exchange market, which should be welcomed.

Pakistani exporters wish to use third party banking channels, especially the Chinese bank, to do trade with Tehran since Pakistan has a paltry $35 million exports to Iran due to the US sanctions imposed on the neighboring country.

Italy's top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said.

US authorities have slapped UK-based Standard Chartered with a £840m (£1.1bn) penalty for allegedly violating the International Emergency Economic Powers Act (IEEPA) against Iran and other nations — one of the largest-ever fines imposed on a bank.

Central Bank of Iran's governor in his meeting with new Indian ambassador to Iran emphasized the expanded bilateral economic relations between Iran a and India, expressing Iran's preparation for developing the economic relations.

Iran welcomed a Luxembourg court's decision to refuse to reinforce a U.S. ruling that would have helped families of victims of the Sept. 11, 2001 attacks claim Iranian assets held by a Luxembourg-based clearing house.